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Copper Prices Rebound on LME After U.S. Credit Rating Downgrade, Strong Dollar and Demand Concerns Limit Gains

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Copper prices in London bounced back on Thursday following a previous session’s sell-off triggered by the U.S. credit rating downgrade.

The three-month copper on the London Metal Exchange rose 0.4% to $8,543 per metric ton, recovering from Wednesday’s 1.4% drop.

However, gains were limited by a strong dollar and a darkening demand outlook, influenced by Fitch’s downgrade of the United States and economic weakness in China.

Additionally, Myanmar’s ethnic minority Wa militia implemented a mining ban, impacting tin supply. While tin, aluminum, zinc, lead, and nickel prices saw varied movements.

SHREE METAL PRICES